Australian fintech heavyweight to launch institutional-grade security token exchange in Malta
Malta’s ‘blockchain ecosystem’ is indeed attracting many and varied life forms, and th e latest addition is the founder of Australia’s largest independent trading platform by trading volume - of over AUD50 billion per annum.
Rick Klink, the founder of Paritech and OpenMarkets, yesterday announced he will head up Malta Digital Exchange (MDX), and bring his ground-breaking technology to the digital asset space.
The cryptocurrency and blockchain sector saw exponential growth in 2017, now a push towards regulation will provide trust and a safe environment for institutional investors, allowing them to participate in the global economy.
Security tokens are the next generation of regulated securities, which are being built on blockchain-based infrastructure rather than being restricted to legacy systems.
MDX yesterday said it will aim to become the world's premier security token exchange. That, in turn is expected to enable greater market efficiency, accessibility, liquidity and transparency within the capital markets.
Malta Digital Exchange will be a multi-asset digital exchange which focuses on virtual financial assets (VFA) and security tokens.